Credit Suisse Group reissued their neutral rating on shares of Verisk Analytics (NASDAQ:VRSK) in a research report released on Thursday morning. Credit Suisse Group currently has a $106.00 price target on the business services provider’s stock, up from their previous price target of $96.00.
Several other equities analysts have also weighed in on the stock. Cantor Fitzgerald restated a buy rating and set a $108.00 price objective on shares of Verisk Analytics in a research report on Friday, December 8th. Goldman Sachs Group initiated coverage on shares of Verisk Analytics in a research report on Wednesday, November 8th. They set a neutral rating and a $89.00 price objective for the company. Zacks Investment Research lowered shares of Verisk Analytics from a buy rating to a hold rating in a research report on Saturday, January 13th. Keefe, Bruyette & Woods restated a buy rating and set a $106.00 price objective on shares of Verisk Analytics in a research report on Friday, December 22nd. Finally, Royal Bank of Canada restated a hold rating and set a $90.00 price objective on shares of Verisk Analytics in a research report on Sunday, December 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $102.33.
Verisk Analytics (VRSK) traded up $0.38 during trading hours on Thursday, hitting $99.61. 1,733,900 shares of the stock traded hands, compared to its average volume of 988,263. Verisk Analytics has a one year low of $75.60 and a one year high of $102.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market cap of $16,375.00, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 2.53 and a beta of 0.76.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, February 20th. The business services provider reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.56. Verisk Analytics had a net margin of 25.88% and a return on equity of 33.58%. The company had revenue of $570.30 million during the quarter, compared to analyst estimates of $557.09 million. During the same quarter last year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. equities analysts forecast that Verisk Analytics will post 3.58 earnings per share for the current year.
In other news, CFO Lee Shavel bought 399 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $94.05 per share, for a total transaction of $37,525.95. Following the completion of the acquisition, the chief financial officer now directly owns 23,128 shares in the company, valued at approximately $2,175,188.40. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director David B. Wright sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $94.60, for a total transaction of $1,419,000.00. Following the sale, the director now owns 8,951 shares of the company’s stock, valued at $846,764.60. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,177 shares of company stock valued at $112,591 and sold 31,526 shares valued at $3,009,268. Company insiders own 3.41% of the company’s stock.
Several hedge funds have recently bought and sold shares of VRSK. Macquarie Group Ltd. boosted its holdings in shares of Verisk Analytics by 118.5% during the second quarter. Macquarie Group Ltd. now owns 5,900 shares of the business services provider’s stock worth $498,000 after purchasing an additional 3,200 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Verisk Analytics by 300.5% during the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,268 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Verisk Analytics by 161.7% during the third quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock worth $770,000 after purchasing an additional 5,720 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Verisk Analytics during the third quarter worth approximately $266,000. Finally, Personal Capital Advisors Corp acquired a new stake in shares of Verisk Analytics during the third quarter worth approximately $8,345,000. Institutional investors and hedge funds own 92.89% of the company’s stock.
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About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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